Web3
Rain Protocol Burns 7.4 Billion RAIN Tokens After DAO Settlement
TokenPost·August 31, 2026·1 min read
Rain Protocol burned over 7.4 billion RAIN tokens as part of its Credit Refund settlement, following a governance decision. The settlement stemmed from an investigation into coordinated wallet activity that allegedly bypassed the $5,000 allocation cap. The proposal was submitted to the DAO for approval.
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